In the first 10 months of this year, Fast Group achieved a total sales revenue of 8.9 billion yuan; completed industrial output value of 8.854 billion yuan; and sold 585,891 automobile transmissions. Among them, exports earned US$31,681,100, an increase of 128.70% over the same period of the previous year, and reached a record high.

Faced with the new changes in the market situation, the Fast Group has been brave enough to meet challenges and seize opportunities, and has been playing a major role in accelerating the pace of independent innovation, strengthening the management of enterprises, and improving the competitiveness of enterprises. The focus is on product innovation, scientific improvement and improvement. Efforts have been made in areas such as efficiency and cost reduction, actively changing the mode of development, scientifically adjusting the industrial structure, accelerating the integration of industrial resources, and promoting the scientific and rapid development of enterprises. At present, Fast Xianyang Precision Machinery Co., Ltd. has been completed and put into production. The company's product layout has become more scientific and rational, and its scope has been further expanded. The state-level research institutes have been put into full operation. The level of scientific and technological R&D of enterprises and the strength of independent innovation have been significantly improved. New products, new processes, new technologies, and new achievements have emerged in an endless stream. The pace of international cooperation has been accelerating. Xi'an Shuangte Intelligent Transmission Co., Ltd., a joint venture with Caterpillar Inc., has started construction. After the project reaches production, it can form an annual production capacity of 120,000 heavy duty AT transmissions and 1.5 million engineering machinery parts. . The 6DS series passenger car transmission project of the Fast Company Baoji Plant has been put into mass production, the industrial chain and product supporting fields have been further extended, the market leading position and leading development advantages have become increasingly prominent, and the brand competitiveness has been significantly enhanced. The research and development project of Fast “S series transmission” was fully launched, and the process of internationalization of products has been accelerating. It has formed a new pattern of multi-grade, automation, lightweight, high-end, and environmental protection, and it is updated with higher quality. Provides a steady stream of optimized configurations for the user market. On the basis of solidifying the heavy-duty truck market, Fast has kept a close eye on market hotspots, refined market demands, and actively developed personalized “bright spot” products, realizing new areas such as buses, medium trucks, engineering vehicles and low-speed trucks. Breakthrough, it is estimated that the annual production and sales income will exceed 10.5 billion yuan, and the momentum of steady and rapid development will continue to be maintained.

In order to further accelerate the pace of innovation, development, scientific development and breakthrough in development, we strive to strengthen and expand our own brand, comprehensively improve the level of enterprise development, enhance the overall competitive strength, ensure the maintenance and appreciation of state-owned assets, and Fast Group’s products in-depth with product development. The “Quality Engineering” activities and management innovation activities are to effectively improve the basic management work and give full play to the comprehensive competitive advantages in technological innovation, manufacturing, cost control, customer development, market branding, and talent strategy. In the process of strengthening international cooperation and accelerating the establishment of an international enterprise, scientifically deploy domestic and foreign markets, keep a close eye on the world's leading level, further increase the pace of independent innovation in science and technology and independent research and development of products, strive to narrow the gap with international advanced enterprises, and comprehensively upgrade the core Competitiveness and brand competitiveness have laid a solid foundation for sustainable corporate development.